Alabama Consumer Protection Attorney John G. Watts answers your debt collection questions
We did this live webinar on June 6th, 2017, and have typed a form of a transcript below for you with some links..
Welcome to this webinar! Today we’re going to answer some questions that we’ve been asked, including several questions about the debt collector (debt buyer) Velocity Investments, LLC.
Let’s get started.
“What do I do if a collection lawyer is sending me debt notices at work… (Read more)
A practical explanation of what it means that CACH has filed bankruptcy
On March 19, 2017, CACH (through Square Two Financial Services Corporation) filed a voluntary petition for relief under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of New York, Case No. 17-10663, and jointly administered under In re Square Two Financial Services Corporation, et al., Case No. 17-10659.
OK in simpler terms, CACH went bankrupt.
What… (Read more)
You have questions — make sure before hiring a lawyer that you get all of your questions answered
The primary reason you consider hiring a lawyer is because you have questions about the law or how the legal process works. Especially when you are considering being in court — it is natural that you would have questions.
So here are some suggestions as you go through the process of finding and hiring a consumer protection lawyer.
Make a written list… (Read more)
“Should I use the FDCPA or FCRA when a debt collector has false credit reporting on me?”
This is a good question.
You can actually use either of them, or in some cases you can use both.
Under the FDCPA (Fair Debt Collection Practices Act) you can sue a debt collector without disputing with the credit reporting agencies.
However, you may want to try disputing through the credit reporting agencies so that you can use the FCRA also.
The FDCPA… (Read more)
“I have been sued by a debt collector in Alabama. I want to settle the debt, but I’m afraid I’ll be sued again on the same debt. Is this possible?”
Some people may think this is silly, but this is a legitimate concern.
How could this be, you may ask?
Debt collectors have done this exact thing in the past with other consumers.
Here’s an example.
Let’s say that you owe $8,000.
Then, to settle the debt with the collector,… (Read more)
What does it mean that the debt collector I sued under the FDCPA may have to pay my attorney fees?
This is a wonderful benefit of the FDCPA (Fair Debt Collection Practices Act). Let’s look at attorney fees in general to understand why.
The normal rule.
The normal rule is that everyone pays for their own attorney’s fees.
Whether you are sued or you do the suing, you normally pay for your own attorney.
This is true whether you win… (Read more)